Our Progress

Since opening in the first quarter of 2017, Carilend has been growing exponentially. Every day, we work hard to match people who have funds to invest with those looking a loan. Please see some key statistics below:

We promote responsible and fair borrowing by those who can afford it and are good with their money. As of August 31, 2019, the total loans approved was

$18,458,080

Averages

2019

2018

2017

Loan Amount

$17,832

$15,075

$9,112

Loan Term

51 Months

49 Months

43 Months

Interest Rate

11.66%

11.47%

11.32%

Decline Rate

56%

73%

74%

Borrower Demographics

Carilend provides better returns by using state-of-the-art technology, cutting out the middleman and passing our savings directly onto Lenders. As of August 31, 2019, our Lenders had invested

$14,141,918

2019

2018

2017

Average Investment

$34,832

$29,535

$23,765

Average Interest Rate

8.16%

8.03%

7.93%

Total Interest Paid to Lenders

$732,548

Lender Demographics

The Reserve Fund is built up from contributions made by every Borrower at the time they take their loan. If a Borrower defaults, the Fund will usually repay the Lenders but reserves the right not to. If the claim is paid, you will be repaid.